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MINDANAO DAILY We innovate... and we lead!
Volume VII, No. 289
www.mindanaodailynews.com
Wednesday
P15.00
May 16, 2018
Investments in Normin soar 80-percent in 2017 I
Since
1923
By Mike Baños, Editor at Large
nvestments in Northern Mindanao (Region 10) for 2017 monitored by the Department of Trade and Industry (DTI) in Region 10 soared by 80% compared to the 2016, data from the agency shows.
SM CDO Downtown Premier.
Rich miner mayor’s rival win in ‘proxy war’ in Agusan polls
Agri-based investments accounted for the majority of the P33.410.34-billion (B) total for the region with P14.648.12-B (44%) followed by Infrastructure and Services with P13.73B (41%) and Energy with P2.187-billion (6.55%). Misamis Oriental again led the investments parade
in the region with P24.814B, up 73% from P14.363-B in 2016. The top five monitored investment projects in the region and the province alone comprised 53% of the region’s total. These included the expansion of the San Miguel Beer distillery, construction of the
Purefoods Hormel meat processing plant, Metro Pacific’s bulk water project, continued construction of the FDC Misamis coal fired power plant, and SM’s CDO Downtown Premier Mall. However, on the aggregate, it was agri-based investments which See soar, page 11
By CHRIS V. PANGANIBAN, Contributing Editor
ROSARIO, Agusan del Sur--- The rival political camp of the mayor here reigned supreme in their proxy war in Monday’s village polls taking eight of 11 village chairs’ seats in the political exercise marred with massive vote buying activities. Former vice mayor Julie Chua leader of the opposition group going against the bets of Mayor Jose Cuyos said eight, including him who ran and won at the Poblacion, easily trumped down their opponents with large margins in the vote-rich villages. Cuyos’camp only managed to lord it over in three villages including the village of Wasian where Eduardo de Paz, the president of the Association of Barangay Captains of this town, dumped his opponent with a huge 1,802 edge. See miner, page 11
50TH ANNIVERSARY CELEBRATION. Employees of Misamis Oriental 1 Electric Service Cooperative (Moresco-1) ended yesterday’s (May 15, 2018) launching program of the electric cooperative’s weeklong celebration for its 50th anniversary with a musical rendition. Photo by Bernard Padigos
Moresco-1 aims to be one of Asia’s top utilities LAGUINDINGAN, Misamis Oriental--The Misamis Oriental Rural Electric Cooperative (Moresco) 1 is poising itself to be one of the top utilities in Asia in 2022.
Speaking during the launching ceremony for their week-long 50th anniversary celebration at the electric-cooperative’s office at Laguindingan, Misamis
Oriental , Moresco-1 board president Agustin Caberte says they need to upgrade their system with automated equipment and facilities to conform to the standards of
the Association of Southeast Asian Nations (Asean), of which the Philippines is a member. “But we are not See utilities, page 11
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